CORIUMNuclear Regulatory Intelligence
Live Data
← CORIUM
NUSCALE
FOUNDED
2007
HQ
Portland, OR
TYPE
Public
DOCKET
05200048
TICKER
NYSE: SMR
NRC LICENSING CIRCUIT
40 PTS
#2 OF 6
SUSPENDED
LICENSING STAGE85 pts
MOMENTUM BONUS
STALL PENALTY--20 pts
SUSPENSION--25 pts
TOTAL40 pts
HOW WE SCORE →
Also tracked in: INTERNATIONAL
Signal Indicators
FUNDING STRENGTHHIGH
$1.4B+ raised · publicly traded
COMMERCIAL TRACTIONLOW
UAMPS cancelled · TVA MOU only · seeking customers
REGULATORY MOMENTUMLOW
Suspended · no active NRC proceedings
SUPPLY CHAIN READINESSHIGH
Light water fuel — existing supply chain

Signal indicators reflect Corium editorial assessment based on public data. Not investment advice.

TERRAPOWERKAIROS POWER
LOADING MARKET DATA…
NRC ADVANCED REACTOR CIRCUIT
DESIGN CERTIFIED — SUSPENDED
PROGRAM SUSPENDEDLast activity: July 31, 2023
⚑ SUSPENDED — Commercial project paused — anchor customer (UAMPS) withdrew in 2023. Seeking new customers.
Last verified: April 2026 · Source: NRC ADAMS / Press Release · Scoring methodology ℹ
Recent Activity
Company Profile

NuScale Power, headquartered in Portland, Oregon, made history in 2023 as the first SMR developer to receive design certification from the US Nuclear Regulatory Commission — a process that took over a decade and cost hundreds of millions of dollars. Their VOYGR plant uses factory-built NuScale Power Modules, each generating 77 MWe, stackable in configurations up to 924 MWe. The design relies entirely on passive safety systems — natural convection cools the reactor indefinitely with no operator action or external power required. Despite the regulatory milestone, NuScale's commercial program is currently suspended after their anchor customer UAMPS cancelled their contract in 2023 citing cost escalation. NuScale is now publicly traded on the NYSE (SMR) and is actively pursuing new customers in the US, Romania, and the Gulf region. Backed by Fluor Corporation and the US Department of Energy.

VISIT NUSCALE
Reactor Specs
REACTOR DESIGN
VOYGR · Light Water SMR

Uses pressurized light water as coolant instead of water. Operates at higher temperature for greater thermal efficiency.

POWER OUTPUT
77 MWe

Powers ~62,601 average US homes. A standard large nuclear plant produces ~1,000 MWe.

COOLANT
Light Water

Standard water under high pressure. Proven technology used in 90% of operating commercial reactors worldwide.

FUEL TYPE
Low-enriched UO₂

Standard uranium dioxide ceramic pellets. Used in virtually every operating commercial reactor. Well-understood supply chain.

TARGET OPERATION
2030

US nuclear projects historically require 7–10 years from construction permit to first power. The 2030 target assumes factory-built modular components and no major regulatory delays.

SITE LOCATION
Idaho Falls, ID

Adjacent to Idaho National Laboratory — the DOE's primary nuclear energy research facility. Site has hosted test reactors since the 1950s.

Licensing Milestone Tracker
PRE-APPLICATION
2017
APPLICATION
2017
UNDER REVIEW
2018
RAI RESOLVED
2022
DESIGN CERTIFIED
Jan 2023
CONSTRUCTION PERMIT
Investor Intelligence
Capital Overview
TOTAL RAISED
$1.4B+
disclosed funding
MARKET CAP
NYSE: SMR
SHARES OUT
~250M
approximate
GOVT GRANTS
$232M
DOE funding
Key Agreements
COUNTERPARTY
TYPE
CAPACITY
STATUS
YEAR
TVA
MOU
MOU
6 GWe
ACTIVE
2023
ENTRA1 Energy
PPA
PPA
ACTIVE
2023
Romania (SNN)
MOU
MOU
ACTIVE
2023
UAMPS
PPA
PPA
720 MWe
CANCELLED
2023
Corium Assessment
Independent analysis · Not investment advice
RISK
No anchor customer
UAMPS cancellation in 2023 exposed single-customer concentration risk. Without a new offtake agreement, the construction permit process cannot restart.
STRENGTH
Only NRC-certified SMR design in the US
Design certification took a decade and hundreds of millions. This regulatory asset has real value — no competitor is close to replicating it.
~ WATCH
Cost competitiveness
UAMPS cited cost escalation as primary reason for cancellation. NuScale must demonstrate the VOYGR can compete economically with other clean energy sources.
Corium assessments are independent editorial analysis based on public information. Not investment advice. Data sourced from NRC ADAMS, company filings, and press releases.
NRC Regulatory Journey
438 DOCUMENTS · SOURCE: NRC ADAMS
CORRESPONDENCEMar 28, 2024
NuScale US600 DC and SDA 50.46 Exemption - Letter
ML: ML23234A123
OTHERMar 28, 2024
NuScale US600 DC and SDA 50.46 Exemption - Federal Register Notice
ML: ML23234A122
MEETING SUMMARYJan 31, 2024
U.S. Nuclear Regulatory Commission Summary of the November 16, 2023, Observation Public Meeting to Discuss NuScales Us600 Exemption Request
ML: ML24004A047
CORRESPONDENCEJun 29, 2023
NuScale Power, LLC, Request for Exemption to the Reporting Requirements of 10 CFR 50.46(a)(3)
ML: ML23180A151
OTHERJul 29, 2022
Response to SRM-SECY-22-0062 - Environmental Assessment for NuScale Small Modular Reactor Design Certification Final Rule
ML: ML22216A014
OTHERDec 27, 2021
NRC 896 - Topical Report TR-0915-17565, Rev. 4, Accident Source Term Methodology.
ML: ML21361A231
MEETING SUMMARYDec 3, 2021
02/03/2022 Meeting with NuScale Power, LLC on NuScale Topical Reports
ML: ML21337A160
MEETING SUMMARYDec 3, 2021
01/06/2022 Meeting with NuScale Power, LLC on NuScale Topical Reports
ML: ML21337A120
MEETING SUMMARYDec 3, 2021
01/13/2022 Meeting with NuScale Power, LLC on NuScale Topical Reports
ML: ML21337A125
VIEW ALL 438 DOCUMENTS IN ADAMS →